The new device is expected to rival Apple's (AAPL - Get Report) iPad and be more competitive on price. The 7-inch tablet, dubbed the "Kindle Fire," will retail for $199, nearly half the price of the intro price of the iPad at $499.
The device will allow users to read e-books, download music and video games and stream movies and television shows.>To contact the writer of this article, click here: Jeanine Poggi. >To follow the writer on Twitter, go to http://twitter.com/jpoggi. >To submit a news tip, send an email to: email@example.com.